Ocasio-Cortez suggests 70% tax for wealthy to fund climate change plan
- Author: David Armstrong Jan 08, 2019,
Jan 08, 2019, 1:46
Ocasio-Cortez on Sunday accused GOP lawmakers of "hostage-taking" with their demands for border security in a new spending bill.
During the interview, Ocasio-Cortez elaborated on her plans for universal healthcare, tuition-free public college and combating climate change.
The 30-second clip of a younger Ocasio-Cortez, now 29, strutting her stuff on the roof of a building quickly went viral on social media - but the troll attempt fell flat, with users rushing to praise rather than shame her.
"I say true things all the time - I'd hope most do". AOC hasn't even been a congresswoman for a week, yet she is setting the terms of the debate inside the Democratic Party.
In a statement to CBS, the White House said that her "sheer ignorance on the matter can't cover the fact that President Trump supported and passed historic criminal justice reform" and "has repeatedly condemned racism and bigotry in all forms".
She referred to the progressive taxation system that was in place in the 1960s before Ronald Reagan took office as president when the top earners paid 70 percent in taxes.
Here's the reality: stuff like health care, roads and bridges are going to cost a similar amount of money whether we're paying 0% or 100% in taxes. Using different scenarios, he explains that "a 1 percent wealth tax on the wealthiest 1 percent of households above $10 million could raise about $200 billion a year, or $2 trillion over 10 years".
Ocasio-Cortez expressed little concern that people seem to think she doesn't know "how the game is played", telling Cooper that she wants people to underestimate her as that's how she won her primary, she says.
"On the other hand, if you can't take the heat, then get out of the kitchen", she added.
She also called Mr Trump a "symptom of the problem". "But he's certainly given a voice to it and expanded it and created a platform for those things".
At one point, Cooper blatantly asked if she believes President Trump 'is a racist?' The Breakfast Club stars Molly Ringwald and Ally Sheedy invited her into the club. "How do you not know how marginal tax rates work?"
With her past as a NY bartender, Ocasio-Cortez is a figurehead of the new wave of young lawmakers who entered Congress after the midterm elections, bringing fresh perspectives and more diversity to the legislature. But once you get to, like, the tippy tops- on your 10 millionth dollar- sometimes you see tax rates as high as 60 or 70 percent.
Ocasio-Cortez went on to attend and graduate from Boston University's College of Arts & Sciences in 2011, with a degree in economics and worldwide relations.
The controversy of the moment involves AOC's advocacy of a tax rate of 70-80 percent on very high incomes, which is obviously insane, right? I think I have been paying more than my "fair share" for a long time, but I would like to know so I can have some peace of mind that they will leave me alone when I get there.